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Bull Trigger Cleared: *RES 4:........>

EURO-YEN TECHS: Bull Trigger Cleared:
*RES 4: 122.35 200-DMA
*RES 3: 121.38 High Jul 25/31
*RES 2: 120.77/95 Low Jun 3 and Jun 21
*RES 1: 120.23 High Oct 15
*PRICE: 119.89 @ 05:06 GMT Oct 16
*SUP 1: 118.73 Low Oct 11
*SUP 2: 118.35 Former channel top drawn off Apr 17 high
*SUP 3: 117.58 Low Oct 10
*SUP 4: 117.08 Low Oct 3 and Oct 7
The EURJPY bullish outlook cemented Tuesday as the 120.01 bull trigger was
squeezed. The cross also confirmed a close above the 100-dma further reinforcing
the bullish theme. Following the recent break of channel resistance, all
conditions for a reversal have been confirmed prompting bulls to bump targets
higher, eyeing the June lows of 120.77/95 and potentially the 200-dma further
out. The former channel top now offers broad support at 118.35.

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